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This answer is from Is it better to pay cash or pay on time (no interest, no fees)?

Doug Kinsey
FiLife Contributor
Doug Kinsey said
4 months ago

I agree with the previous responses, and would add that just make sure your overall debt is not beyond an acceptable amount. We recommend that our clients have no more than 10% of their income in consumer debt (which may include car loans, depending on the specifics).

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